Bone ShibaSwap (BONE) In Top 100?: SHIB Community Bullish

Bone ShibaSwap (BONE): Amid the memecoin rally despite decline in other cryptocurrency prices, the Shiba Inu (SHIB) ecosystem is bullish on the potential of Bone ShibaSwap (BONE). While the crypto community anticipates the launch of Shibarium, it is the memecoins that are leading the crypto market in the current scenario. Bitcoin (BTC) price, as with other altcoins, is witnessing a correction at the back of an encouraging breakout to the $24,000 level after the Fed delivered interest rate hike on expected lines.

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Shiba Inu lead developer Shytoshi Kusama has been hinting at the timeline for the launch of the Shibarium beta version. Based on subtle hints from Kusama, the SHIB community was hoping that the Shibarium launch would be around February 14. However, it appears that is not the case with the latest update on the developer’s Twitter profile.

Bone To Rank In Top 100 Soon?

BONE is set to be used as the Shibarium layer two blockchain’s gas token and also as a part of the DEX’s governance system. This is leading to increasing speculation around the cryptocurrency in the lead up to Shibarium launch. The developers are working in a way that BONE has a range of use cases for the token, once Shibarium is launched. In fact, the support is so huge from the community that a petition was recently signed in support of BONE listing on Binance.

The BONE token is currently at the closest level to the yearly high of $2. As of writing, BONE price stands at $1.78, up 22.58% in the last 24 hours, according to price tracking platform CoinMarketCap. If the token were to break into the top 100 cryptocurrencies based on current market capitalization, BONE should rise by around 35%, which would place it at $2.40.

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Anvesh reports major developments around crypto adoption and trading opportunities. Having been associated with the industry since 2016, he is now a strong advocate of decentralized technologies. Anvesh is currently based in India. Follow Anvesh on Twitter at @BitcoinReddy and reach out to him at [email protected]

The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.